Last resort: Firms choose drastic response to healthcare
When every innovative strategy has been exhausted, what are companies supposed to do to combat healthcare costs?
Nineteen percent of employers plan to stop offering healthcare benefits to their workers within three to five years, according to a recent survey by Hewitt Associates.
That’s almost five times higher than last year’s findings, where only 4% of employers said they planned on cutting health benefits.
The study also gauged what effects Obama’s healthcare reform would have on employers’ healthcare strategies, and found:
- Obama’s healthcare proposals will have some impact (51%), and
- Obama’s healthcare proposals will have no impact (44%).
If your firm offers solid healthcare benefits, sharing these findings could help to reinforce the company’s commitment to its employees — especially if you are unable to hand out sizable (or any) salary increases this year.
- Share on
Free Training & Resources
Webinars
Provided by Yooz
White Papers
Provided by UJET
Further Reading
Employees may not understand lifestyle spending accounts (LSAs) as well as you think. That can lead to questions or just confusion. Thi...
Although Congress isn’t famous for cooperation, there was enough bipartisan support for the Secure 2.0 Act of 2022 (pages 817-946 of ...
Layoffs, inflation, AI … these are just some of the factors making employees feel more stressed about their jobs and career future. S...
Environmental, social and governance (ESG) ratings of companies was never as popular as many in the media made it out to be. And the more t...
While the IRS can assess penalties under the Affordable Care Act (ACA), it can’t issue the certifications required beforehand, a court ha...
Heads up, Finance pros: HR might be coming to you soon for input and approval on new OBBBA benefits changes. Much of the media coverage...
